The SEC charged Geosyn Mining, LLC with allegedly conducting an unregistered and fraudulent securities offering. The SEC noted that between November 2021 and December 2022, Geosyn raised approximately $5.6 million from over 60 investors under false pretenses. The SEC seeks permanent injunctions against all defendants, disgorgement of false gains with prejudgment interest, and civil penalties.

This case highlights the SEC's efforts to enforce securities laws and protect investors from fraudulent practices within the crypto asset industry.